FX.co ★ EURJPY M5: Bullish Rectangle

According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 164.18 – 164.18 and upper border 164.36 – 164.36. In case the upper border is broken, the instrument is likely to follow the upward trend.